SEC Form 4 · accession 0001020859-17-000123
UNITED NATURAL FOODS INC · UNFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph J Traficanti
Officer — SVP, General Counsel, CCO
Period of report
Sep 26, 2017
Accepted (ET)
Sep 28, 2017 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001020859
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 26, 2017 | F | 83 | $44.39 | D | 10,030 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2 | — | Sep 26, 2017 | A | 3,424 | A | — | — | Common Stock | 3,424 | 13,485 | D |
Explanation of responses
- F1As described in footnote 3, on September 26, 2017, the reporting person became entitled to receive 3,507 shares of United Natural Foods, Inc. (the "Company") common stock in settlement of a like number of performance units. The Company retained 83 of these shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
- F2The security converts to common stock on a one-for-one basis subject to the terms of the United Natural Foods, Inc. Deferred Compensation Plan.
- F3On September 21, 2016, the reporting person was granted 3,490 performance units eligible to vest at target levels of performance (with vesting of more or less shares possible based on actual performance) based on the extent to which certain EPS, Adjusted EBITDA, Adjusted ROIC and total shareholder return performance targets were met for fiscal 2017. Based upon the Company's performance against the applicable performance targets, 3,507 performance units subject to such criteria vested on September 26, 2017, resulting in the issuance of 3,507 shares of the Company's common stock to the reporting person. The reporting person had previously elected to defer 100% of the shares vested to the Company's Deferred Compensation Plan.